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Saturday, 10 April 10
VESSELS OPEN N. CHINA WERE SEEN FIXED AT HIGH TEENS FOR TRIP VIA INDONESIA TO INDIA - VISTAAR SINGAPORE


COALspot.com: The BDI indices was almost at same levels was down by only 2.6 pct.

The cape index was down by almost 13 pct, which appears to be slowing down of iron ore imports. The Panamax and Supramax was strong and was up by 6.58 pct and 3.36 pct respectively, however this sector was quite firm for spot and short period rates. The Handy size index was almost at same levels and was just up by 0.36 pct.

Supramax vessels opening Fareast were seen mostly being fixed for short period and were seen fixed at $ 26,000 / 27,000 per day.

“The Supramax vessels open N. China were seen fixed at high teens for trip via Indonesia to India” said, Capt. Reddy, MD of Vistaar Shipping, Singapore. Vistaar shipping is an experienced ship operator operating in Singapore and India.

BDI (Baltic dry index changes)

BALTIC DRY INDEX CHANGE
 
This week
Last week
Change
Change %
Baltic Dry Index
2913
2991
78¯
2.60
Baltic Cape Index
2984
3429
445 ¯
12.98
Baltic Panamax Index
3952
3708
244
6.58
Baltic Supra Index
2490
2409
81
3.36
Baltic Handy size Index
1355
1360
5 ¯
0.36
As of 9 April 2010



“With quite a lot of new deliveries still coming it will be interesting to see how the freight market will be affected. However it appears that at least for the first quarter the new deliveries have not affected and market has remained firm”, Capt. Reddy further said.

The average charter hire was at Cape $ 25,115 per day, Panamax $ 31,799 per day, Supramax $ 26,040 per day and Handy size $19,733 per day.

The Supramax index in the Fareast (S6 route) firmed up by $ 1,190 per day (up by 5.62 pct) and closed at $ 22,350 per day. The ECI/China (S7) route continued to soften and was down by $ 2,004 per day (down by 5.89 pct) and closed at $ 31992 per day.

The futures for three years (2010-2012) was at around Cape $ 29,000, Panamax $ 21,000, Supramax $ 18,000 and Handy size $ 14,000 per day respectively.

The congestion in EC Australian ports reduced to 155 vessels this week (last week 173 vessels ). The vessels waiting at main coal loading ports are at Hay point/20 , DBCT / 63, Gladstone / 17 ,New Castle / 49 vessels. On the WC Australia iron ore vessels waiting was at 20 vessels (last week 19 vessels).   

The waiting at Indian ports for coal vessels was quite normal around 3/4 days , except for Paradip and Haldia where congestion continues to be high due to slow clearance of cargoes from the port due to railway wagon shortage.

The crude prices continued to be firm 84.78 per barrel (last week at $  84.42 per barrel) . The  prices of bunkers was up at 481.50 pmts (IFO 380 CST ex.Singapore) on 9th April 2010.

CLICK HERE for Vistaar’s forecasted (Terms & Conditions Apply) spot freight rates for coal & Iron-ore cargo for specific routes(cs)
VISTAAR SHIPPING, SINGAPORE



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Recent News

Tuesday, 30 March 10
PRICES FOR COKING COAL, IRON ORE TO SOAR AMID BURGEONING STEEL DEMAND: SCOTIABANK
Winnipeg Free Press  reported that, Strong steel demand from China and a recovery in the developed world will push coking coal prices 56 per ce ...


Sunday, 28 March 10
DEMAND FROM INDIA RESHAPING THE GLOBAL COAL MARKET - DAVE FOREST
Attention international coal industry. There's a new kid on the block. The nation of India. India is emerging as a major re-shaping force for ...


Sunday, 28 March 10
SHIPS FROM WC INDIA TO CHINA CONTINUED TO BE FIXED AT HEALTHY LEVELS AT AROUND US$ 50/52,000 PER DAY - VISTAAR
COALspot.com: The dry bulk freight market seemed to be heading for a correction with all the indices dropping by 8-10 pct except for handy size whic ...


Saturday, 27 March 10
CHINA DROUGHT MAY RAISE COAL DEMAND, BOOST PRICES, CLSA SAYS - BLOOMBERG
Bloomberg reported that, Droughts in southwest China may increase demand for coal used in power plants, and ‘support” prices in the &ldq ...


Saturday, 27 March 10
CHINA TO REMAIN NET COAL IMPORTER IN NEAR FUTURE - STEEL GURU
Xinhua News cited Mr Wu Chenghou a councilor with the China Coal Transportation and Marketing Association as saying that China will remain a net coa ...


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